BusinessWorld E-paper
June 29, 2026
THE PHILIPPINES’ balance of payments (BoP) deficit could further widen this year until 2027 as weak global trade and tighter financing conditions weigh on the country’s external position, the central bank said.
Based on its latest forecasts as of June, the Bangko Sentral ng Pilipinas (BSP) now sees the country’s BoP position ending the year at a $10.7-billion deficit or -2.1% of gross BSP SURVEY domestic product (GDP). This is worse than its earlier forecast of a $7.8-billion gap or -1.5% of GDP.
